Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Golden Ocean Group ( (GOGL) ) just unveiled an announcement.
Golden Ocean Group Limited has announced a stock-for-stock merger with CMB.TECH, where Golden Ocean will merge into CMB.TECH Bermuda Ltd., a subsidiary of CMB.TECH. The merger will result in the issuance of approximately 95.9 million new CMB.TECH shares to Golden Ocean shareholders. The merger is subject to approval at a special general meeting and other conditions, with the expected closing around 20 August 2025. This merger aims to enhance the operational scale and market reach of both companies in the maritime industry.
The most recent analyst rating on (GOGL) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Golden Ocean Group stock, see the GOGL Stock Forecast page.
More about Golden Ocean Group
Golden Ocean is a Bermuda-incorporated shipping company specializing in the transportation of dry bulk cargoes, with a fleet of 89 vessels and a capacity of approximately 13.5 million deadweight tonnes. Its shares are listed on Nasdaq and Euronext Oslo Børs. CMB.TECH is a diversified maritime group based in Antwerp, Belgium, operating over 160 vessels and offering hydrogen and ammonia fuel solutions. It is listed on Euronext Brussels and the NYSE.
Average Trading Volume: 2,666,870
Technical Sentiment Signal: Hold
Current Market Cap: $1.7B
Find detailed analytics on GOGL stock on TipRanks’ Stock Analysis page.